Kalyani Forge Limited — Investor Meet, 17-02-2026: Analysts/Institutional Investor Meet/Con. Call Updates

Kalyani Forge Q3 FY26 saw revenue at ₹58.22 Cr, resilient despite exiting low-margin business. EBITDA margin hit a record 15.7%, highest in company history, with PBT at ₹3.95 Cr. PAT was -₹0.12 Cr due to a non-cash deferred tax adjustment.

Management highlighted structurally improved profitability, strengthened export mix, and scaling European programs. The focus is on business quality over top-line, driving a multi-year operational reset. New orders include ₹107 Cr for connecting rods, ₹45 Cr driveline, and ₹10 Cr axle parts. FY26 CAPEX of ₹25 Cr is 60% for future growth areas. The company is actively working to improve cash conversion, reduce working capital, and optimize its asset base for future growth. Sentiment is confident, emphasizing strategic transformation for long-term value.